Q2. Find out what is GST.Write the amount of GST charged on any 5products used at home
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hey mate here is your answer :
GST:
Goods and Service Tax is an indirect tax imposed in India on the supply of goods and services.
the amount of gst charged on the products are:
Tax RatesProducts5%Household necessities such as edible oil, sugar, spices, tea, and coffee (except instant) are included. Coal , Mishti/Mithai (Indian Sweets) and Life-saving drugs are also covered under this GST slab12%This includes computers and processed food18%Hair oil, toothpaste and soaps, capital goods and industrial
intermediaries are covered in this slab28%Luxury items such as small cars , consumer durables like AC and Refrigerators, premium cars, cigarettes and aerated drinks , High-end
hope it helps u
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